by Anthony | Oct 23, 2020 | Inventory, Inventory Shrinkage, Real Estate News
While Low Mortgage Rates Drive Home Prices to Record Levels Everyone knows that the residential real estate market is hot; but not all buyers are happy about it. First-time buyers have less inventory to choose from than at any other time in recent memory. The...
by Anthony | Oct 20, 2020 | Construction, Counsellors Title Agency, Housing, Inventory, Real Estate News
Finally it appears that the construction industry is moving ahead at full steam. It was reported that new home sales grew to a new high, reaching an annual rate of 1.01 million units in August 2020. This represents a 43.2% increase from just one year ago in 2019,...
by Anthony | Aug 24, 2020 | 2020 Trends, Housing, Inventory, Inventory Shrinkage, Real Estate News
July home sales surged by 24.72% year-over-year. Obviously the Chinese virus, resulting in the worldwide pandemic, held back much of the classic and traditional spring home buying season, squeezing a riot of home buyers into the market, driving transactions and higher...
by Anthony | Aug 20, 2020 | 2020 Trends, Counsellors Title Agency, Housing, Inventory, Real Estate News
The National Association of Realtors reported significant strength for the national housing for the week of August 8th, 2020. Median listing prices grew at 9.9 percent over last year, another tick up in the pace of increase. Home asking price growth continues to...
by Anthony | Jul 17, 2020 | Counsellors Title Agency, COVID19, Housing, Inventory, Mortgages
For the first time in history mortgage rates have gone to below 3%. This is the first time that this level has been achieved since 1971 when Freddie Mac began recording such data. According to Freddie Mac today (Thursday), the average rate for a 30-year fixed mortgage...
by Anthony | Jul 14, 2020 | COVID19, Housing, Inventory, Mortgages
The Mortgage Bankers Association reported that applications to purchase homes rose by 5% last week and came in at 33% higher than the same time in 2019. Considering that 2019 was such a banner year, this surge in applications is clearly establishing a new benchmark...
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